National Republican., 1887-11-17
Truthful Fipures,

correspondent OF the Post on Sunday
endeavor,d to break the force OF the
indictment against the administration,
made by the NATIONAL REPUBLICAN, when
It showed from the official figures the i'm
mense contraction of the currency In the
thirty-two months OF Democratic rule.
On Monday the NATIONAL REPUBLICAN,
replied promptly, and showed that its
figures were taken from the official reports
of Secretaries Manning and Fairchild. 1t
then said
1.-The NATIONAL REPUBLICAN has taken the
oticial statements OF the Secretaries of the
Treasury under President Cleveland. Either
Secretary Manning misrepresented the facts
when he said in his first report to Congress
tvol. l, rage ~, or there was s379 l66,353 iu
the United States Treasury on the 4th Of March,
1885.
II Secretary Fairchild tells the truth over his
own signature in his monthly debt statement,
dated Oct. 81, 1887, there was at that date in
the treasury s6i26Ss,46o
Mr.. Coffin, chief Of the division OF issue
in the office OF the comptroller OF the cur
rency, who this time signs his name to his
article, does not deny that Secretary Man
ming made the statement just as the Ma
TIoNAL REPUBLICAN quotes 1t, but says:
The REPuBLcAs is either 80 blind that 1t
will not see," or is wofully ignorant in fnan.
cal matters, and this will forthwith show.
On the same page of Secretary Mauning's re-
port for 1885, from which 1t took the figures
above wiz, page 70. vol y, appears the fol-
lowing statement:
The assets OF the treasury on the 4th of
March, 1856. excluding fractional coin and
tbarp ilahl ita,,,
Gold coin and ullion-.""."..."".. S240, sol 1872
Silver coin and bullien............ l57,9l4O56
Legal tender notes.. 47.9SOOOf
Deposits in national banks.......... 10,l50,036
National bank notes..m.m.......... 9,S55 i62
Or total Of these items of........ si65 9Ol go
To which must be added
Fractional silver and minor coin
in the treasury at the same date
amounting to................... S3l,O91,72I
Making the total amount of money
in the United states treasury
March 4, 1889. S5............".".... Si9j,oJo,S66
Or Sll7, ,S33,0l4 more than the amount stated
by the REPUBLICAN,.
On this point the public can now judge who
has 'misstated the facts or been "juggling
with the figures"
To show where the "blindness, the igno
rance, the misstatements, and the Jug
~
something worse, we propose to give the
tables on page IL of Secretary Maunlng's
report, which the NATIONAL REPUBLICAN,
used, and the one from which Mr.. Coffin
pretends to quote. Here is the one from
which the figures of the NATIONAL REPUB-
LICAN are taken, and 1t comes under the
head "The public debt and the condition of
the treasury
Interest bearing debt...n..... 81, ,260 T72 6l2 90
Accrued in crest to date.",".. 9,6663 80 W
Matured debt not yet pre-
Sented md accrued interest, 5,A93, ,795 81
Debt bearing no interest,."... 6OS,9i54i3 81
Total. al......""".."...,.". 1854, ,S7S,1 ,161 OF
Cash In treasury .................. 379,lG63j3 10
Amount Of debt less cash in
treasury. ,sl3 81
Following this, on the same page, is
United States on Nov. /, 1885, In which the
SUN ollowiRg the line "cash in treasury"
is Si0O, Csc, 1876.
Then follows the table from which Mr..
Coffin pretends to quote In his frantic en-
deavor to show that the NATIONAL REPuB-
LICAN is in error. We shall give all on the
page and the table precisely as 1t is in the
Secretary's report, leaving Off the cents.
Here 1t is:
The assets of the treasury on ith of March,
1855, excluding fractional coin and other un-
available items. were as follows:
Gold coin and bullion. S2iO ,5Olls2
Less certificates out
StanOlng. ......,..... lIi,ll3, l4O
silver coin and bullion. l57,9li,956
Less certificates out
standing. ........."... 1ll,G4,sSl
- - 4C,22OO75
Legal tender notes. .... i7,0sOOOl
standing. 9O,4OO,OOO
=, . .,,,.., - ls,5sO,OOl
banks 80. ............ lO15O,O36
National bank notes.. ", .............. 9,35j,i6l
2lO,663, ,62l
This is the table to which Mr.. Conlu al
ludes and which he calls statement of the
cash in the treasury made by Secretary
Manning. IL is not. And If 1t was 1t
would only show $2l0,GG3, ,G2l, instead OF
$4G5, GAO, which Mr.. Coffin says 1t
shows.
II Mr.. Coffin wlll take one OF Secretary
FaiIchild's monthly statement Of the pub,
lie debt" he will find that the system By
which he finds SiG5,90l $40, In the table he
uses, is not she one used In the treasury,
nor would II be used by any man with the
slightest idea Of how TO keep accounts un-
lees he WIS endeayorlng to deceive some
enc.
Mr.. Coffin counts as In the treasury $ll4,-
143, 140 in gold, $ll1, ,G0i ssl In silver, aud
S29, 400, eco In legal tender notes, which are
not there, because they me in circulation,
represented by certificates. Either Mr..
Coffin knows this and makes his table to
deceive or he is too iguorant % write about
finances. The former suppositlon Is per-
haps the correct one, as Mr.. Coffin delIber-
ately misrepresents the table he quotes from,
We say he deliberately mlsrepresents be-
cause II he will examine any one Of the
monthly debt statements-for instance, the
one dated Oct. 81, 1ss7-ssued under this
administration, he will see that the Secre-
tary of the Treasury does not make up his
statement OF the debt in that way, aud II Is
fair to assume that the man who puts him
self forward as the champion Of the admin
istration has examined its statements.
1t will be observed that In all the ma
TIoNAL REPUBLICAN has said upon this
subject " has quoted from the Democratic